Dear all
plz share the procedure scrap export and what are the taxed involved and paid while export, it very urgent plz
As per business dictionary “scrap” means “waste that either has no economic value or only the value of its basic material content recoverable through recycling”
The term “Scrap” has not been defined any where in the GST Laws. As such one can derive its meaning as per normal business or commerce parlance. In GST regime, in order to be taxable the waste and scrap don’t have to pass the test of “manufacture” or “mechanical process” or marketability.
While taxability of waste and scrap is no longer contentious, finding proper HSN code is definitely a tedious task. The highest rate for scraps material is 18%.
GST RATE CHART OF SCRAP MATERIALS
| HSN Code | Descripttion | GST Rate |
| 3915 | Plastic waste, parings or scrap | 5% |
| 4004 00 00 | Rubber waste, parings or scrap | 5% |
| 4017 00 20 | Hard Rubber waste or scrap | 5% |
| 4401 | Wood Scrap | 5% |
| 4415 | Packing cases, Box, Crates, Drums | 5% |
| 4707 | Paper waste or scrap | 5% |
| 7001 | Cullet or other waste or scrap of Glass | 5% |
| 7112 | Waste and scrap of precious metal | 3% |
| 7204 | Vehicle Scrap | 18% |
| 7204 | MS Scrap all types | 18% |
| 7204 | Scrap US Rail | 18% |
| 7404 | Copper Waste & Scrap | 18% |
| 7503 | Nickel Waste & Scrap | 18% |
| 7602 | Aluminium Waste & Scrap | 18% |
| 7902 | Zinc Waste & Scrap | 18% |
| 8002 | Tin Waste & Scrap | 18% |
| 85 | E-Waste | 5% |
| 8548 | Waste and scrap of primary Cells primary batteries and electric accumulators | 18% |
Note
e-waste means electrical and electronic equipment listed in Schedule I of the E-Waste (Management) Rules, 2016, published in the Gazette of India vide G.S.R. 338 (E) dated the 23rd March, 2016, including the components, consumables, parts and spares which make these products operational.
The HSN code for a large number of Scraps materials has till now not yet been notified. As a conservative approach , if some one does not find appropriate HSN code of a scrap item, he may cover the same under residual Entry 453 of Schedule III of Notification No. 1/2017-Central Tax (Rate) dated 28th June, 2017.
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